Sec. 152.606. INDEMNIFICATION FOR CERTAIN LIABILITY. (a) A partnership shall indemnify a withdrawn partner against a partnership liability incurred before the date of withdrawal, except for a liability:
(1) that is unknown to the partnership at the time; or
(2) incurred by an act of the withdrawn partner under Section 152.504.
(b) For purposes of this section, a liability is unknown to the partnership if it is not known to a partner other than the withdrawn partner.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
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